‘Game-Changing’ Endothermic Mining Rigs Unveiled By Luxembourg Startup

OnMiners S.A. is launching a new generation of endothermic cryptocurrency mining rigs that promise high power but low energy consumption while reducing heat and noise generation.

Lowering Mining Costs with Endothermic Chips

New companies and new technologies are entering the crypto mining space with the aim of lowering costs and energy consumption. OnMiners is one such company based in Luxembourg that was founded by a group of financiers that have invested in the creation of a new generation of Endothermic Multi-Algorithm CHIP.

Endothermic refers to a chemical reaction that absorbs energy from its surroundings and lowers the temperature.

On March 18, 2019, OnMiners announced the official launch of three mining rigs namely, On2U, On4U, and OnTower.

These rigs can mine an array of cryptocurrencies, including bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Monero (XMR), Dash (DASH), and Zcash (ZEC). OnMiners specifies the hash rates that each rig delivers, as follows:

• On2U: 140 TH/s for bitcoin, 38 GH/s for Litecoin, 5 GH/s for Ethereum, 230 KH/s for Monero, 1.3 TH/s for Dash, and 1.1 MH/s
• On4U: 270 TH/s for bitcoin, 75 GH/s for Litecoin, 9 GH/s for Ethereum, 450 KH/s for Monero, 2.5 TH/s for Dash, and 2.1 MH/s
• OnTower: 1620 TH/s for bitcoin, 450 GH/s for Litecoin, 54 GH/s for Ethereum, 2700 KH/s for Monero, 15 TH/s for Dash, and 12.6 MH/s

At the launch of these mining rigs, Hisao Saito, the CEO of OnMiners said,

With hash-power rates like never before, we are extremely confident that our mining rigs will have a game-changing impact on the market.

Crypto Miners Arms-Race

For the last several months, adverse market conditions and high energy costs have significantly lowered cryptocurrency mining profitability.

As a result, to survive, crypto miners are being forced to try new technologies that take advantage of cheaper and alternative sources of energy. For example, some miners are now turning to solar power to cut mining costs.

The advent of this generation of the Endothermic Multi-Algorithm CHIP now offers miners another option to lower costs. As Hisao Saito put it,

The global market has seen lots of mining farms closing down their operations in the recent months. With the release of our new products, investors now have a great opportunity to get back in business with higher profitability than ever before.

What do you think about running bitcoin mining operations on endothermic chip technology? Let us know in the comments below!

Images courtesy of OnMiners, Shutterstock

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Published at Tue, 19 Mar 2019 19:00:34 +0000

March 31, 2017

Ending the Federal Reserve from the Bottom Up

mises.org / William Greene / March 31, 2017

Since its inception, the U.S. Federal Reserve’s monetary policies have led to a decline of over 95% in the purchasing power of the U.S. dollar. As a result, there have been several attempts to curtail or eliminate the Federal Reserve’s powers (e.g., the efforts of Rep. Louis T. McFadden in the 1930s; the efforts of Rep. Wright Patman in the 1970s; the efforts of Rep. Henry Gonzalez in the 1990s; and the efforts of Rep. Ron Paul since the 1990s). However, none have proven successful to date, due mainly to the constraints of strong political opposition at the national level. In contrast to these “top‐down” attempts at the national level, this paper proposes an alternative approach to ending the Federal Reserve’s monopoly on money: the “Constitutional Tender Act,” a bill template that can be introduced in every state legislature in the nation, returning each of them to adherence to the U.S. Constitution’s “legal tender” provisions of Article I, Section 10.

This approach would have a greater likelihood of success for a number of reasons. First, it is decentralized: rather than facing concerted political opposition at a single Federal level, it attacks the issue at the State level, where strategies and tactics can be adapted to the types and amount of political opposition they encounter. Second, it is diffused: it can be attempted in any number of States, which can cause the opposition to spread its resources much more thinly than would be necessary at the Federal level. Finally, it is legally sound: it relies on the U.S. Constitution’s negative mandate in Article I, Section 10, that “No State shall… make any Thing but gold and silver Coin a Tender in Payment of Debts.” Therefore, in contrast to “top‐down” attempts to “end the Fed,” a “bottom‐up” approach using “constitutional tender” laws will find greater success.

READ MORE

The post Ending the Federal Reserve from the Bottom Up appeared first on Silver For The People.

‘Game-Changing’ Endothermic Mining Rigs Unveiled By Luxembourg Startup

Lowering Mining Costs with Endothermic Chips

Crypto Miners Arms-Race

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Ending the Federal Reserve from the Bottom Up

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